The systems will deliver cumulatively 1.65 billion kilowatt-hours of renewable energy annually. The equivalent to the amount of energy needed to serve approximately 239,000 residential homes each year.
PG&E entered into an agreement with Topaz Solar Farms LLC, a subsidiary of OptiSolar Inc., for 550 MW of thin-film PV solar power. The utility also signed a contract with High Plains Ranch II, LLC, a subsidiary of SunPower Corporation (Nasdaq: SPWR), for 250 MW of high-efficiency PV solar power.
Both projects are contingent upon the extension of the federal investment tax credit for renewable energy and processes to expedite transmission needs.
